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For more info: http://www.realpennies.com/otc/pyds Payment Data Systems Announces December Processing Volume Highest in 2008 (OTCBB:PYDS) Payment Data Systems, Inc.
Payment Data Systems Announces December Processing Volume Highest in 2008
SAN ANTONIO-Payment Data Systems, Inc. , an integrated electronic payments solutions provider, recently announced a review of its credit card processing volumes for the fourth quarter on an unaudited basis.
December Processing Results: Dollars processed increased 25% in December compared to the previous month and grew 5% over December 2007. Transactions processed increased 11% from the previous month and 13% from December 2007. It should be noted that December?s dollar volume was the highest for any month in 2008 and is the third highest in our history.
Q4 Processing Results: In dollars processed , our volume increased 21% from the third quarter. As for transactions processed, our volume grew 20% over the previous quarter and 7% over Q4 2007.
Commenting on the results, Michael R. Long, Chairman and Chief Executive Officer of Payment Data Systems, said, ?We are extremely pleased with these preliminary results. I view it as a validation of our business model and it clearly demonstrates our ability to grow organically. Furthermore, I believe we can also surmise from these results that our targeted marketing strategy has resulted in a customer base that is reasonably insulated from the current overall economic environment.? Profile for Payment Data Systems, Inc.
Payment Data Systems, Inc. provides integrated electronic payment processing services to merchants and businesses. The company's services include automated clearinghouse processing, such as re-presented check, a consumer non-sufficient funds check that is re-presented for payment electronically; and accounts receivable check conversion, a consumer paper check payment that is converted into an e-check. It also offers merchant account services for the processing of card-based transactions through the VISA and MasterCard networks, including online terminal services accessed through a Web site or retail services accessed via a physical terminal. In addition, the company offers a Web-based custom... Detailed PYDS Company Description...
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